Mortgage down valuation letter

ReadySteadyPop

[Deleted User] said:

ReadySteadyPop said:

[Deleted User] said:

As a vendor I would be very much of the view that your financing is your affair. You can in fact still afford the original offer price so I would see very little reason to accept a reduction.

Professional valuations have a margin of error and the valuation is within that. Had they valued between 225 to 250 nobody could say that's outrageous. You could have made are appropriate offer by comparing other properties in the first place, instead of belatedly.

On the basis of the above, dispense with the long winded explanations. Consider offering 230 or 236 as you please. See how it goes.

Many sellers have come unstuck waiting for original offer price, sometimes the market moves away from them and the next offer they get is a lower one, depending on how much they need to sell they should be realistic about the buyer`s financial situation, and the situation of buyers in general.

I recently stood firm against a buyer trying for a last minute 6k reduction. Sounds like you would be 6k worse off than me. By all means.

Thankfully for you, posts on a forum are free.

Many people won`t care about 6k and will understand that not all buyers have this lying around, especially if they need money for repairs etc.

ReadySteadyPop

MeteredOut said:

How long has the house been on the market? Are you willing to (or would you have to) walk away if they don't accept it?

Very few houses are so unique that you can`t find another similar maybe even cheaper one, always try to be willing to walk away.